(Trade and Export Finance, London, 1 March 2016) The global volume of export credit agency (ECA) deals has fallen by nearly a third compared to 2014, according to TXF Data’s 2015 Export Finance Report. In 2014 ECAs supported $119.33 billion of deals, but TXF’s latest report reveals that the global total of all ECA transactions for 2015 was $84.63 billion – a drop of 29% year-on-year… Coface, the French export credit agency (ECA), was the single most active ECA in 2015 supporting a total of $7.73 billion worth of transactions while HSBC was the biggest lender of export credit agency (ECA) debt in 2015, signing a total of $4.54 billion of ECA-supported debt to borrowers… The report, which reviews all ECA transactions, calculates the most active ECAs by covered volume in 2015 by taking each ECA direct loan and guarantee and adding the total. The report only focuses on medium and long-term (MLT) debt and is based on deals submitted to www.tagmydeals.com…The report, which reviews all ECA transactions in 2015, calculates the top five lenders of last year by taking each bank’s individual exposure to every ECA deal and then adding the total. The report does not capture the most active bookrunners or arrangers of ECA debt but measures bank participation across all ECA-backed loans. HSBC topped the table with $4.54 billion, while Sumitomo Mitsui Banking Corporation (SMBC) was the second largest lender of ECA deals with $4.19 billion, Société Générale was the third largest ECA lender with $4.11 billion, ING Bank ranked fourth with $3.84 billion, and Crédit Agricole CIB was fifth overall offering $3.69 billion of ECA-supported loans to borrowers.
